(This blog post is written for payroll providers. Financial advisors, please share this information with your clients to help them maximize their time.)
Most employers recognize that one of the hardest parts of administering their benefit programs is the ongoing data collection and remittance that must be sent to their benefits administrators. If they are doing bimonthly or even weekly payroll, that’s a lot of time… and money!
What’s more, this data is often less complete than the data received when sent by the payroll integration company.